TAIPEI (Taiwan News)—Taiwan’s Vice Economic Minister Shen Jong-chin (沈榮津) announced plans to invest NT$70 billion (US$2.29 billion) to transform Taichung City into a smart machinery city.
The Tsai Administration aims to transform Taiwan into a top exporter of smart machinery equipment, periphery accessories and systems to neighboring Southeast Asian countries.
Taiwan – The event, held early March in Taipei, hosted about 1,100 exhibitors from 21 countries and recorded 47,500 visitors from 90 nations.
Taipei International Machine Tool Show (TIMTOS) is Asia’s second largest and Taiwan’s largest metal processing equipment trade show. The theme for the recently held 26th edition was ”Industry 4.0+ & smart manufacturing for seamless industrial upgrades”. The inauguration witnessed the presence of leading players from the machine tool sector. David Chuang, Vice Chairman, TAMI said, “Timtos has become an important platform for machine tool companies around the world to showcase their latest models and technology prowess. It is also the go-to venue where buyers, home and abroad, source their machine tools.”
With a total population of less than 24 million, Taiwan is known for its diversified manufacturing sector ranging from high-tech industries such as electronics and IT, to home appliances and bicycles. Companies such as Asus, Delta Electronics, Tatung and Giant have made their mark in the international market as leading brands from Taiwan.
But given price competition from China-made products and a slowdown in the global economy as well as demand in certain sectors such as personal computers (PC), Taiwan has seen a need to sharpen the competitiveness of its manufacturing sector and broaden export markets. Innovation, say high-ranking officials and business executives, is the key for Taiwanese industries to thrive and generate more export revenue in the years to come.
Sourcing Taiwan, the annual procurement event hosted by TAITRA, saw a big rise in buyer attendance from Southeast Asia this year.
Now in its 9th year, the latest edition of Sourcing Taiwan was held at the Taipei Nangang Exhibition Hall on March 29, 2017.
The Ministry of Economic Affairs (MOEA) hosted a press conference on Monday to publicize Sourcing Taiwan 2017, a trade event for international buyers and sellers, that is taking place this Wednesday at the Nangang Exhibition Center.
According to the event’s organizers at MOEA’s Bureau of Foreign Trade, Sourcing Taiwan 2017 serves “as a trade link between global buyers and top-rated Taiwanese suppliers."
Data-driven manufacturing was the stated theme, but Taiwan’s largest metalworking exhibition was also an excellent showcase for the automated equipment that this technology supports.
There wasn’t much time to examine the intricate lotus blossoms lining the halls of the show floor before a blaring speaker called the diverse pack of reporters to attention. Italy, Germany, Turkey, Brazil, South Korea, Mexico—all these countries and more were represented among the eager faces of the international trade press, waiting with notepads and cameras ready for the week’s first formal appointment. All had been invited to Taiwan’s largest metalworking trade show largely to see technology innovations like the one touted by the man with the microphone: a networked cell with machines automatically adjusting parameters based on real-time sensor feedback.
The 2017 edition of the Taipei International Machine Tool Show (TIMTOS) wrapped up on March 12 after breaking the show’s visitor and exhibitor counts as well as booth usage numbers.
The 6-day event drew a record overseas attendance of over 7,300 international buyers. The top 10 buyer demographics by country/region were China, Japan, Malaysia, Korea, Thailand, India, the United States, Turkey, Singapore, and Russia, in that order.
The 2017 Taipei International Machine Tool Show (TIMTOS) kicked off March 7 with exhibits showcasing the latest in Industry 4.0 and smart manufacturing.
Running from March 7 to 12, the industry extravaganza was joined by 1,100 exhibitors from Taiwan and around the world using 5,430 booths across the three major exhibition venues of Taipei World Trade Center, Taipei Nangang Exhibition Center, and Taipei Expo Park.